You Were Told That the Amount of Time Lapsed Between

question 147

Short Answer

You were told that the amount of time lapsed between consecutive trades on the New York Stock Exchange followed a normal distribution with a mean of 15 seconds. You were also told that the probability that the time lapsed between two consecutive trades to fall between 16 to 17 seconds was 13%. The probability that the time lapsed between two consecutive trades would fall below 13 seconds was 7%. What is the probability that the time lapsed between two consecutive trades will be between 14 and 17 seconds?

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Definitions:

Sociogram

A graphical depiction or chart that outlines the interconnections within a group, emphasizing the links between members.

Negative Nominations

Often refers to a method used in research where individuals identify peers they dislike or view negatively.

Social Groups

Collections of individuals who interact with each other, sharing similar characteristics and collectively possessing a sense of unity or identity.

Elementary School

An educational institution for children, typically from kindergarten through fifth or sixth grade, focusing on basic academic learning and social skills.